Dock workers on the East and Gulf coasts are threatening to strike, which could have significant economic impacts if it lasts over two weeks. With 45,000 workers across 36 ports, 60% of U.S. shipments pass through these docks, making it critical to industries like retail and automobiles, especially during the holiday season. A strike could cost the U.S. economy around $5 billion per day, and rising freight costs—up 20% recently—may also increase consumer prices. Workers are demanding a 77% pay raise over six years to offset inflation losses.
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